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RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.79%
This Fund
S&P 500
This Quarter Est. Return
+4.37%
1 Year Est. Return
-0.79%
3 Year Est. Return
+4.8%
5 Year Est. Return
-8.69%
10 Year Est. Return
+11.73%
AUM
$1.38B
AUM Growth
-$169M
Cap. Flow
-$230M
Cap. Flow %
-16.68%
Top 10 Hldgs %
26.9%
Holding
161
New
12
Increased
41
Reduced
71
Closed
22

Top Buys

Rank Stock Value
1
PPT
Franklin Premier Income Trust
PPT
+$7.88M
2
HIO
Western Asset High Income Opportunity Fund
HIO
+$7.58M
3
USA icon
Liberty All-Star Equity Fund
USA
+$5.54M
4
SPE.PRB
Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B
SPE.PRB
+$5.33M
5
JGV
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
+$4.58M

Top Sells

Rank Stock Value
1
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
+$73.2M
2
ACG
AllianceBernstein Income Fund Inc
ACG
+$39.4M
3
CHI
Calamos Convertible Opportunities and Income Fund
CHI
+$20.9M
4
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$13.4M
5
OCSI
Oaktree Strategic Income Corporation
OCSI
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 3.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EMD
26
DELISTED
Western Asset Emerging Markets
EMD
$16.8M 1.22%
1,455,884
+23,740
+2% +$273K
BWG
27
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
$16M 1.16%
1,176,630
+165,863
+16% +$2.24M
HYT icon
28
BlackRock Corporate High Yield Fund
HYT
$1.37B
$15.9M 1.16%
1,471,606
-1,243,039
-46% -$13.4M
AVK
29
Advent Convertible and Income Fund
AVK
$563M
$15.9M 1.16%
1,121,213
+22,060
+2% +$314K
FSD
30
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$15.9M 1.16%
1,020,568
+48,349
+5% +$745K
GHY
31
PGIM Global High Yield Fund
GHY
$483M
$15.9M 1.15%
1,050,222
+37,697
+4% +$573K
ARDC
32
Are Dynamic Credit Allocation Fund
ARDC
$298M
$15.4M 1.12%
1,039,897
+79,248
+8% +$1.14M
TEI
33
Templeton Emerging Markets Income Fund
TEI
$321M
$13.7M 0.99%
1,244,514
-179,302
-13% -$1.96M
EDD
34
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$385M
$13.6M 0.99%
1,699,231
-273,550
-14% -$2.2M
BRW
35
Saba Capital Income & Opportunities Fund
BRW
$339M
$13.6M 0.99%
1,285,374
+259,468
+25% +$2.7M
FTF
36
Franklin Limited Duration Income Trust
FTF
$233M
$13.6M 0.98%
1,121,293
+96,032
+9% +$1.14M
BOI
37
DELISTED
Brookfield Mtge Opportunity Fd
BOI
$13.4M 0.98%
894,979
+166,506
+23% +$2.51M
GAM
38
General American Investors Company
GAM
$1.61B
$12.4M 0.9%
378,646
– –
NRO
39
Neuberger Real Estate Securities Income Fund Inc
NRO
$190M
$12.1M 0.88%
2,223,515
-3,514
-0.2% -$19.4K
JLS icon
40
Nuveen Mortgage and Income Fund
JLS
$94.7M
$11.7M 0.85%
483,170
+8,239
+2% +$196K
BOE icon
41
BlackRock Enhanced Global Dividend Trust
BOE
$684M
$11.4M 0.82%
926,778
+280,056
+43% +$3.39M
AGC
42
DELISTED
Advent Claymore Conv Sec & Incme
AGC
$11M 0.8%
1,917,816
+328,010
+21% +$1.88M
MMT
43
Aberdeen Multi-Market Income Fund
MMT
$243M
$10.6M 0.77%
1,738,449
-596,966
-26% -$3.66M
ZF
44
DELISTED
Virtus Total Return Fund Inc.
ZF
$10.4M 0.75%
800,942
+74,361
+10% +$951K
CEF icon
45
Sprott Physical Gold and Silver Trust
CEF
$8.06B
$10.2M 0.74%
737,465
– –
MCR
46
DELISTED
MFS Charter Income Trust
MCR
$10.1M 0.73%
1,163,436
-251,202
-18% -$2.16M
FAX
47
abrdn Asia-Pacific Income Fund
FAX
$600M
$9.8M 0.71%
318,918
-196,542
-38% -$6.12M
HYI
48
Western Asset High Yield Opportunity Fund Inc
HYI
$135M
$9.79M 0.71%
635,622
-32,690
-5% -$494K
EVG
49
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
$9.62M 0.7%
701,694
-10,454
-1% -$142K
NXDT
50
NexPoint Diversified Real Estate Trust
NXDT
$238M
$9.46M 0.69%
425,650
-52,803
-11% -$1.16M
1
2
3 4 5

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Rivernorth Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Rivernorth Capital Management held 161 positions worth $1.38B, down 11% from $1.55B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $230M in Q3 2016, closing 22 positions and reducing 71 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $39.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 3.5% of assets, down from 4.6% a quarter earlier.

Against the trend, Rivernorth Capital Management opened a new position in Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B worth $5.36M.

  • Rivernorth Capital Management's largest Q3 2016 buy was Special Opportunities Fund, Inc. 3.50% Convertible Preferred Stock, Series B: 207,430 shares worth $5.36M.
  • Rivernorth Capital Management added most to Franklin Premier Income Trust in Q3 2016, an estimated $7.88M increase.
  • Rivernorth Capital Management's biggest Q3 2016 reduction was PIMCO Dynamic Credit and Mortgage Income Fund, cutting an estimated $73.2M.
  • Rivernorth Capital Management fully exited AllianceBernstein Income Fund Inc in Q3 2016, selling an estimated $39.4M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.38B portfolio in Q3 2016.
  • Rivernorth Capital Management opened 12 new positions and closed 22 in Q3 2016.
  • Rivernorth Capital Management's portfolio value fell 11% quarter-over-quarter to $1.38B.

Based on Rivernorth Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.